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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: TigerPaw who wrote (62591)	6/14/2022 12:03:42 PM
From: Sun Tzu	2 Recommendations Recommended By ajtj99 skier31 Read Replies (1) \| Respond to of 97456

WTIC was $115 in 2011 and averaged above $100 for the next 3 or 4 years. Brent was $5 higher. Why didn't we have the kind of gas prices back then as we do now? You can't blame ESG for it because they are not drilling in parts of the world that don't care about ESG either. This is oil industry playing hardball politics.

To: TigerPaw who wrote (62591)	6/14/2022 12:12:48 PM
From: ajtj99	4 Recommendations Recommended By Jacob Snyder kimberley skier31 towerdog Respond to of 97456

If there is a political act involved in the price of oil, it is the wars/sanctions on Iran, Iraq, Venezuela, Russia, Libya, North Africa, etc. There is enough oil potentially available from those areas without war and sanctions to handle future growth in oil demand for many years to come. There are probably 10-million barrels/day potentially being suppressed in those areas, which kind of dwarfs the 1.5-million bbl/day deficit there may be right now. If you asked the average person on the street if they would rather have sanctions and / or war with all of these places or their gasoline costs cut by 2/3rds, I think we'd know what the answer would be.